Hundred Billions of SHIB Transfers to Binance After Coinbase: What’s Happening?

Hundreds of billions of Shiba Inu (SHIB) have been transferred to Binance, the world’s largest cryptocurrency exchange.

According to Etherscan data, on December 6, approximately 4 different in the process 9 million dollars worth More than 900 billion SHIB transferred from an anonymous wallet to one of Binance’s internal wallets. On December 5, anonymous whales 10 million dollars worth 1 trillion SHIB to Coinbase had transferred.

According to the data in the first transaction While sending 431.492.559.912 SHIB, in the second operation 107,796,000,795 SHIB in the third transaction 312,900,000,000 SHIB and in the last 66,774,747,922 SHIB transfer has been made.

After these transactions, many speculations began to be put forward in the market. Some commentators have said that these transfers have been initiated by Binance recently. proof of reserve As part of a (PoR) system has been carried out is thinking.

However, the majority says that these whale transfers are for sale purposes. In case of sale of these SHIBs, the final 24 hour volume approx. 100 million dollars Cryptocurrency, which is a cryptocurrency, may experience serious decreases.

Shiba Inu (SHIB), which has generally performed without volume like other cryptocurrencies in the last 24-hour period, 2.7% at the time of writing from $0.00000929 is being traded.

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